据美国消费者新闻与商业频道（CNBC）消息，截至美国东部时间11月16日17时44分，全球市值最大的加密货币比特币下跌2.04%，至93500美元，抹去今年 以来所有涨幅。 美东时间11月16日，比特币价格下跌超2%CNBC截图 报道指出，近日，在与人工智能相关的股票普遍回调的背景下，比特币自11月11日以来已连续数日下跌。 由于吸引了众多此前大举投资大型科技股的投资者，这使得这两类交易紧密相连。上周，由于市场对硅谷科技巨头在人工智能项目上的巨额投入重燃担忧情 绪，多家大型科技企业的股价出现了下跌。 比特币价格历史走势图彭博社 据报道，比特币跌破10万美元关键里程碑的背后，"巨鲸"（持有1000个比特币以上的大户）和长期持有者的抛售成为显著推手。 区块链数据显示，过去30天内，长期比特币持有者已出售约81.5万枚比特币，这是自2024年初以来的最高抛售活动。更关键的是，持有比特币超过七年的巨 鲸钱包，以每小时超过1000枚比特币的速度持续卖出。 这种抛售呈现出"持续的、交错的分配"特征，而非突然的协调性抛售。分析显示，许多早期持有者将10万美元视为一个心理门槛——这是他们多年来一直谈 论的获利了结水平。自20 ...

Core Viewpoint - Bitcoin has retraced over 30% of its gains since the beginning of the year, following a peak of $126,251 on October 6, as optimism regarding the Trump administration's support for cryptocurrencies fades [1][3]. Market Dynamics - The market is currently in a risk-off state, with significant buyers, including ETF institutions and corporate consortiums, quietly exiting, leading to a loss of the funding support that previously drove Bitcoin to record highs [3][4]. - Institutional investors have been crucial in supporting Bitcoin's price and market legitimacy, with ETFs absorbing over $25 billion, peaking at approximately $169 billion in assets [3][4]. - The recent sell-off is attributed to multiple factors, including profit-taking by long-term holders, outflows of institutional funds, macroeconomic uncertainties, and the liquidation of leveraged long positions [3][4]. Investor Sentiment - Retail sentiment in the cryptocurrency market is notably pessimistic, with many investors choosing to exit early to avoid significant losses [4][6]. - Bitcoin's volatility has led to dramatic price swings, with a notable drop to $74,400 in April following Trump's tariff announcement, before rebounding to a historical high [6]. - Smaller, less liquid tokens have been hit harder by the market downturn, with the MarketVector index tracking the bottom 100 digital assets down approximately 60% this year [6]. Future Outlook - The current market lacks natural bullish catalysts, leading to a cautious attitude towards capital allocation among investors [6].

Core Insights - The cryptocurrency market is facing significant challenges, with digital assets experiencing a prolonged decline, leading to record outflows from ETFs and reduced retail demand, primarily due to uncertainties surrounding interest rate cuts, macroeconomic data, and the outlook for artificial intelligence [1][2]. Group 1: Market Performance - Bitcoin has struggled to maintain its value above $100,000, ultimately falling to $95,947.76, influenced by a new wave of risk aversion and a massive sell-off in tech stocks [1]. - Since early October, Bitcoin's market capitalization has evaporated by over $450 billion, with a notable net outflow of approximately $870 million from Bitcoin ETFs in a single day, marking the second-largest daily redemption since Bitcoin's inception [2]. - Year-to-date, Bitcoin has only increased by about 3.3%, contrasting sharply with the S&P 500's return of 15% and the IBEX35's return of 40% [2]. Group 2: Broader Market Trends - The overall cryptocurrency market has shown signs of weakness, with significant declines in other cryptocurrencies such as Ethereum (down 5%), Ripple (down 5%), Solana (down over 8%), and Binance Coin (down 3%) [3]. - Related stocks, such as Strategy, which was once a major Bitcoin holder, have also suffered, with its stock price dropping over 30% this year and currently trading at its lowest level since October 2024, indicating a lack of investor confidence in its high-leverage model [3].

Group 1: Bitcoin Market Dynamics - Bitcoin experienced a sharp decline, dropping from around $100,000 to below $95,000, with nearly 100,000 liquidations in the past 24 hours [1] - The market is under significant selling pressure and corporate hedging demands, leading to a heightened correlation with traditional assets, which contributed to the price drop [3] - The cryptocurrency market is confirmed to be in a "bear market," with historical data suggesting that the current downtrend may not have reached its bottom yet [3][4] Group 2: Market Sentiment and Predictions - 10x Research indicates that Bitcoin has not yet formed a true bottom, as it has only retraced over 20% from its 2025 peak, while previous bear markets saw declines of 30% to 40% [4] - The market is showing signs of deteriorating sentiment, with weak ETF inflows, ongoing selling by long-term holders, and low retail investor interest [4] - Key support for Bitcoin is set at approximately $93,000, with the price recently falling below the critical 365-day moving average, signaling a potential bear market [4] Group 3: Impact on Trump's Wealth - The Trump family's wealth has significantly decreased alongside the volatility in the cryptocurrency market, with their indirect Bitcoin holdings valued at approximately $870 million during Bitcoin's peak in October 2025 [6] - Trump's family investments in cryptocurrency-related companies have also suffered, with declines of about 30% since Bitcoin's October high [6] - The value of World Liberty Financial tokens held by the Trump family has dropped from a peak of $4.5 billion to around $3.4 billion, reflecting the broader market downturn [7]

Market Overview - The cryptocurrency market experienced a significant downturn, with Bitcoin dropping below $95,000, currently trading at $95,812, reflecting a decline of 0.7%. Ethereum and other cryptocurrencies like Cardano and XRP also saw declines exceeding 1% and 2% respectively [1] - In the past 24 hours, nearly 100,000 traders were liquidated, with a total liquidation amount reaching $160 million [1][2] - Since the flash crash on October 10, the total market capitalization of all cryptocurrencies has lost over $1 trillion [2] Impact on Trump's Wealth - The Trump family's wealth from cryptocurrency investments has significantly decreased due to the market volatility [2] - Trump's cryptocurrency portfolio includes investments in Trump Media & Technology Group, blockchain company World Liberty Financial, and Bitcoin mining company American Bitcoin, all of which have seen a decline of approximately 30% since Bitcoin's peak in October [3] Harvard Endowment Fund - Harvard University's endowment fund reported holding 6.8 million shares of BlackRock's iShares Bitcoin Trust (IBIT), which has increased by 257% compared to the previous quarter. This fund is the largest Bitcoin spot ETF globally, with net assets nearing $75 billion [3][4] - The Bitcoin trust now constitutes 20.97% of Harvard's total U.S. stock holdings, surpassing major companies like Microsoft, Amazon, Alphabet, Nvidia, and even the SPDR Gold Shares ETF [4] Selling Pressure in the Market - Long-term holders are increasingly selling off their cryptocurrency holdings, contributing to the market's decline [5] - In the past 30 days, long-term Bitcoin holders have sold approximately 815,000 Bitcoins, marking the highest selling activity since early 2024. Notably, "whales" holding over 1,000 Bitcoins are selling at a rate exceeding 1,000 Bitcoins per hour [6] Speculation on MicroStrategy - Speculation is rising regarding MicroStrategy potentially selling Bitcoin, as on-chain data indicates fund movements. MicroStrategy's stock has dropped nearly 32% in the past month, with a market cap of $59 billion, while its Bitcoin holdings are valued at $62.3 billion [7] - Despite this, MicroStrategy's co-founder Michael Saylor maintains that the company's strategy is to continue buying Bitcoin, pausing new purchase announcements only at the end of each fiscal quarter [7] Federal Reserve's Influence - Recent comments from Federal Reserve officials regarding a cautious stance on interest rate cuts have negatively impacted risk appetite in the market. Some decision-makers have warned about the potential stagnation of inflation progress, casting doubt on the likelihood of a rate cut in December [7] - Predictions indicate a 70% probability of Bitcoin dropping below $90,000 by the end of the year, with a 26% chance of falling below $80,000 [7]

特朗普后悔了吗？他曾通过抢劫柬埔寨太子集团（Prince Holding Group）150亿美元价值的比特币，导致加密货币市场崩盘，而特朗普家族的加密货币投资 损失也已经超过150亿美元。 2025年10月，美国司法部对柬埔寨太子集团及其创始人兼董事长陈志进行了执法行动，没收了大约127,271枚比特币，按照当时的市场价，这些比特币的总 价值接近150亿美元。美国政府对柬埔寨太子集团的这一"洗劫"行动，不仅摧毁了比特币一直标榜的"绝对匿名"和"绝对安全"的两大支柱，还揭示了当比特 币持有者遇到美国的长臂管辖时，所谓的安全性不过是个笑话。试图通过技术和密码来对抗政府的"强盗逻辑"，本身就显得荒谬。 然而，随着加密货币市场进入熊市，特朗普家族的加密货币帝国市值大幅缩水。与此同时，特朗普所拥有的社交媒体公司的股价也从大选时的疯狂上涨中回 落，回归至惨淡的业绩水平。特朗普家族在加密货币上的损失，以及特朗普媒体科技集团股价暴跌，已累计损失超过150亿美元，这个数字正好与美国没收 的柬埔寨太子集团比特币价值相等。 除了加密货币资产暴跌外，特朗普媒体科技集团自上市以来始终未能实现盈利。公司业绩的疲软直接反映在股价暴跌上。 ...

Market Overview - The cryptocurrency market is experiencing a significant downturn, with Bitcoin dropping below $95,000, currently priced at $95,962.33 [1] - In the past 24 hours, nearly 100,000 traders have been liquidated, resulting in a total liquidation amount of $160 million [1][2] - Since the flash crash on October 10, the total market capitalization of all cryptocurrencies has lost over $1 trillion [2] Institutional Investments - Harvard University's endowment fund has significantly increased its Bitcoin holdings, acquiring 6.8 million shares of BlackRock's iShares Bitcoin Trust (IBIT), a 257% increase from the previous quarter [3][4] - The IBIT is currently the largest Bitcoin spot exchange-traded fund globally, with net assets nearing $75 billion [3] Selling Pressure - Long-term holders are actively selling their Bitcoin, with approximately 815,000 Bitcoins sold in the past 30 days, marking the highest selling activity since early 2024 [6] - Whales, defined as holders of over 1,000 Bitcoins, are selling at a rate exceeding 1,000 Bitcoins per hour, indicating a significant shift in market sentiment [6] Company-Specific Developments - Speculation is rising regarding MicroStrategy potentially selling its Bitcoin holdings, as on-chain data shows fluctuations in the company's funds [7] - MicroStrategy's stock has dropped nearly 32% over the past month, with its market capitalization now at $59 billion, while the value of its Bitcoin holdings stands at $62.3 billion [7] Economic Factors - Recent comments from Federal Reserve officials regarding a cautious stance on interest rate cuts have negatively impacted risk appetite in the market [7] - Predictions indicate a 70% probability of Bitcoin falling below $90,000 by the end of the year, with a 26% chance of it dropping below $80,000 [7]

Core Viewpoint - Bitcoin has experienced a significant drop, falling below $95,000, indicating a bearish trend in the cryptocurrency market [2][6]. Market Analysis - Bitcoin has faced substantial selling pressure and corporate hedging demands, leading to its correlation with traditional assets increasing, which contributed to the recent price decline [5]. - The cryptocurrency market is now confirmed to be in a bear market, with indicators suggesting that the current downtrend may not have reached its bottom yet [8]. - Historical data shows that Bitcoin has dropped below key price levels, and the current market sentiment is deteriorating, with a notable decrease in liquidity from stablecoins and ETFs [9]. Investor Behavior - There is a rising demand for put options with strike prices below $100,000, particularly around $90,000 and $95,000, indicating a shift towards hedging against further declines [8]. - Investors are advised to take profits before the market potentially enters a more severe downturn, as indicated by recent technical signals [9]. Impact on Notable Investors - The Trump family's wealth has significantly decreased due to the volatility in the cryptocurrency market, with their indirect holdings in Bitcoin and related companies losing substantial value since the peak in October [11][12]. - The value of Trump's indirect Bitcoin holdings has dropped from approximately $2 billion to around $1.3 billion, reflecting the broader market downturn [11].

中国基金报记者 安曼 比特币再度破位！ （原标题：直线跳水！） 【导读】比特币直线跳水，跌破95000美元 11月16日早间，比特币直线跳水，盘中从10万美元附近直线跌破95000美元大关。 虽然截至发稿，比特币的跌幅收窄，但是Coinglass数据显示，过去24小时，加密货币市场接近10万人被 爆仓。 此前，摩根士丹利投资策略师Denny Galindo也曾表示，比特币目前处于四年周期的"秋季"阶段，这是 投资者收获利润的好时机。他警告称，市场可能很快进入"冬季"，也就是价格下跌的阶段。 Galindo建议投资者在市场转冷前及时获利。近期比特币价格跌破关键技术指标365日移动均线，这被视 为熊市信号。同时，市场流动性来源如稳定币、ETF等资金流入已经趋于停滞。 特朗普家族财富大幅缩水 随着加密货币市场的动荡，一直以实际行动支持该市场的美国总统特朗普家族的财富也大幅缩水。 Wintermute OTC交易主管Jake Ostrovskis指出，比特币近期已承受大量现货抛压与企业对冲需求的压 力，在缺乏加密本身的利好叙事之时，其与传统资产的关联度迅速升高，成为当天行情下挫的重要推 力。 加密货币市场进入"熊市" ...

Core Insights - A significant development has emerged regarding the theft of approximately 127,000 bitcoins, valued at around $15 billion, which occurred four years ago. The recent report from the National Computer Virus Emergency Response Center indicates that the stolen bitcoins have remained dormant, suggesting the involvement of a state-level hacking organization rather than typical criminal behavior [1][4]. Group 1: Incident Overview - The bitcoins were originally owned by Chen Zhi, chairman of the Cambodian Prince Group, who is currently facing charges from the U.S. Department of Justice for telecom fraud and money laundering. The DOJ has announced the seizure of the 127,000 bitcoins, which are believed to be the stolen assets from the LuBian mining pool hack in December 2020 [1][4][13]. - The LuBian mining pool, linked to the Prince Group, suffered a major attack in December 2020, resulting in the theft of over 90% of its bitcoin holdings, totaling approximately 127,272 BTC, which aligns closely with the amount mentioned in the DOJ's indictment [4][6]. Group 2: Technical Analysis - The report highlights that the stolen bitcoins were stored in non-custodial wallets, which are considered secure as they are not subject to freezing by legal orders. The private keys for these wallets were compromised due to a "pseudo-random number vulnerability," allowing hackers to execute the theft in under two hours [4][8]. - The bitcoins remained inactive until June 2024, when they were transferred to new addresses, which have since been marked as held by the U.S. government. This indicates a successful tracing of the stolen assets through blockchain analysis [6][8]. Group 3: Legal and Regulatory Implications - The DOJ's actions against Chen Zhi and the Prince Group have raised questions about the legality of the seizure process, as bitcoin is recognized as a legal asset in many jurisdictions. The legitimacy of the seizure's judicial support is under scrutiny [1][4]. - The case underscores the increasing scrutiny and regulatory measures surrounding cryptocurrencies, as the U.S. government is progressively incorporating digital currencies into its regulatory framework, which may limit the operational space for cryptocurrencies outside of regulation [16].